Share Trading comparison
Bendigo Invest Direct vs nabtrade
The biggest practical difference between Bendigo Invest Direct and nabtrade is the brokerage model. Bendigo Invest Direct charges a flat $19.95 on ASX trades up to $22,000 (then 0.11%), while nabtrade charges a lower $9.95 minimum but a higher 0.11% ongoing rate. That means nabtrade is cheaper for smaller trades, but Bendigo pulls ahead on larger ones — and Bendigo also offers zero-commission US trading, whereas nabtrade charges $9.95 USD per US trade.
Choose
Bendigo Invest Direct
if…
- ›You trade US stocks regularly — Bendigo charges $0 US brokerage with a razor-thin 0.007% FX spread, compared to nabtrade's $9.95 USD minimum and 0.8% FX spread.
- ›You make larger ASX trades (over $22,000) where Bendigo's 0.011% ongoing rate kicks in, making it significantly cheaper than nabtrade's 0.11%.
- ›You want access to 15 international markets beyond the US and UK, including Japan, Canada, Singapore and most of Western Europe.
- ›You prefer a desktop trading platform alongside the mobile app — nabtrade has no desktop offering.
Choose
nabtrade
if…
- ›You make frequent smaller ASX trades — nabtrade's $9.95 minimum brokerage is half Bendigo's $19.95 entry point.
- ›You want a kids / minor account option, which nabtrade offers and Bendigo Invest Direct does not.
- ›You bank with NAB and want instant withdrawals to a linked NAB account, plus seamless internal transfers.
- ›You value structured educational content — nabtrade provides a more guided learning experience than Bendigo's basic articles.
Where they differ
| Fact | Bendigo Invest Direct | nabtrade |
|---|---|---|
| ASX brokerage minimum | $19.95 | $9.95 |
| US brokerage | $0 USD (0% of trade) | $9.95 USD minimum (0.11%) |
| FX spread (AUD/USD) | 0.007% | 0.8% |
| Market data fees | $41.25/month | $19.95/month |
| Withdrawal fee | $35 | $0 |
Verdict
Choose Bendigo Invest Direct for cheap US and international trading; choose nabtrade for low-cost ASX trades and NAB banking integration.
Cost calculator
What would Bendigo Invest Direct vs nabtrade actually cost you?
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bendigo Invest Direct | nabtrade |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | Yes |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | UK, JP, CA, DE, FR, HK, SG, NZ, NL, BE, PT, ES, IT, NO, SE | United Kingdom (LSE), Germany (Xetra), Hong Kong (HKEx) |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Managed funds | Yes | Yes |
| Bonds supported | Yes | Yes |
| IPO access | Yes | Yes |
| costs hidden | ||
| FX spread (AUD/USD) | 0.7% | 80% |
| FX spread (other currencies) | 0.7% | 80% |
| Holds USD account | No | No |
| Market data fees | $41.25/month | $19.95/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $50 | $59.95 |
| Corporate action fees | BPAY for corporate actions $10; IPO/Placement booking fee $55 per stock | — |
| costs visible | ||
| ASX brokerage minimum | $19.95 | $9.95 |
| ASX brokerage percentage | 0.11% | 11% |
| ASX brokerage threshold | $22,000 | $20,000 |
| US brokerage minimum | US$0 | US$9.95 |
| US brokerage percentage | 0% | 11% |
| Monthly platform fee | $0/month | — |
| Annual platform fee | $0/year | — |
| Withdrawal fee (AUD) | $35 | $0 |
| Off-market transfer fee | $55 | $55 |
| identity and trust | ||
| Legal entity name | CMC Markets Stockbroking Limited | WealthHub Securities Limited |
| AFSL number | 246,381 | 230,704 |
| Year founded | — | 2,012 |
| Parent / ownership | Bendigo and Adelaide Bank Limited (ABN 11 068 049 178); service operated by CMC Markets Stockbroking Limited, a member of the CMC Markets Group (CMC Markets plc, LSE-listed) | National Australia Bank Limited (ASX: NAB) |
| Country of incorporation | AU | AU |
| Public company status | public (Bendigo and Adelaide Bank ASX:BEN; CMC Markets plc LSE:CMCX) | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | BPAY, direct credit | Direct credit / EFT, BPAY, Internal transfer from linked NAB account |
| Settlement period | T+2 ASX (CHESS settlement) | ASX T+2; US T+1; UK/Germany/HK T+2 |
| Withdrawal time | — | Instant to linked NAB accounts; 1 business day to other Australian banks |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | — | No |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | Yes |
| 2FA support | — | SMS + PIN |
| Customer support channels | phone, email, live_chat, in_app | Phone, Email, Secure messaging (via NAB Internet Banking) |
| Support hours (AU time) | Mon-Fri 7:30am-7:00pm (chat/email) and 7:30am-5:30pm (phone) AEST/AEDT | Mon-Fri 8am-6pm AEST/AEDT (contact centre typically 9am-5pm) |
| Education content | basic_articles | structured |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | — | No |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | No | No |
| Auto-invest sophistication | none | none |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | No | No |